New Issue: Goldman prices $5.48 million leveraged buffered notes on oil and gas ETF

By Jennifer Chiou

New York, Feb. 11 – Goldman Sachs Group, Inc. priced $5,475,000 of 0% leveraged buffered ETF-linked notes due Aug. 12, 2016 tied to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 200% of the gain, subject to a maximum settlement amount of $1,301 for each $1,000 principal amount.

Investors will receive par if the fund falls by up to 10% and lose 1.1111% for every 1% decline in the fund beyond 10%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered ETF-linked notes
Underlying fund:	SPDR S&P Oil & Gas Exploration & Production
Amount:	$5,475,000
Maturity:	Aug. 12, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If fund return is positive, par plus 200% of the gain, capped at 30.1%; par if fund falls by up to 10%; 1.1111% loss for every 1% decline in fund beyond 10%
Initial fund level: $51.92
Pricing date:	Feb. 9
Settlement date:	Feb. 17
Underwriters:	Goldman, Sachs & Co.
Fees:	1.35%
Cusip:	38148L627

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